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Sage, Quick book , Tas etc which is best for multi-curencies?

As above and in addition. Client wants to invoice in various currencies and display in various currencies in the ledgers etc. He does not need a large program but one that will work effectively.

We know Sage Line 50 V10 will do all he needs. What we want to know is how Quickbooks, Tas etc compare for functionality and ease of use for this. Quickbooks is obviously cheaper but is it genuinely mulit-currency? The web site is not detailed on this.
David Thorne

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By Abacjm
25th Nov 2003 03:37

Moneysoft Money Manager
You could try Moneysoft's Money Manager for a multi-company, multi-currency, cheap and very effective prog.
http://www.moneysoft.co.uk.
I use the prog + Final Accs + Payroll and I have no probs with any of them. check 'em out for free.

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By hossy2
24th Nov 2003 19:45

Re- Sage revaluation wizard
Yes, but Sage charges £600 for this revaluation wizard alone! plus annual charges.

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04th Nov 2003 17:34

Quickbooks v Sage
Having had some experience of quickbooks (currently use Sage Line 50) I found the functionallity of the software ok but was very disappointed with the multi-currency.

The biggest problem is that once you have been paid by a foreign customer it is not possible to revalue the bank, this is the same once you have paid a supplier. This can be a big problem producing your balance sheet if there has been any significant change in the exchange rate. Having spoken to their technical support I was advised there was no recourse/workaround for this.

Personally I do not process that many transactions but they are for large amounts.

I don't know how they would stand on a legal point as this misrepresents the value of your bank account on your balance sheet; not giving a "true and fair view".

Sage does offer a revaluation wizard which can be run at any time.This then gives a true reflection of the sterling value of your bank account.

Regards

Tony

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By Piglett
04th Nov 2003 08:23

Don't forget Access Accounts
Access Dimensions is certainly worth a look - it's very straight forward to use, and Dimensions Lite is pretty cost effective for a small number of users.

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By ianhunt
22nd Oct 2003 13:03

Have you considered Pastel Accounting?
Pastel Accounting is, robust and highly intuitive with multi-currency capability, allowing you to define a currency for each customer, supplier and bank account.
Plus it is multi-company as standard!
The Pastel solution comes at a comparable price to line 50 and offers a lot of Line 100 functionality.
Please feel free to contact me for further details.
Ian Hunt
[email protected]


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By DavidT
23rd Oct 2003 15:45

Thanks
for the ideas. No, stock handling is not likley to occur.

I believe he may have already bought a version of Quickbooks before talking to us. We were trying to establish whether it would give him what he needs and it seems it probably will.

Thanks all.

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By Anonymous
23rd Oct 2003 11:31

Options
You have in the Sage Camp
Sage Line 50
Tas
Pastel
Of which I would probably rate Pastel as the best of the bunch for multi currency handling and Pastel 2004 is pretty much bugfixed

Other than these Quickbooks and MYOB are options and I would rate purely on the multi currency side MYOB as the better of the two.
But simplistic answers like this are never the whole story, there are many other factors such as, is stock handling a requirement, because on just the basics of that, different packages will come to the fore.

Yours

viv Burrows

[email protected]

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22nd Oct 2003 18:45

Triangulation
as far as I am aware they all work in slightly different manners.

eg in QuickBooks you assign a customer/supplier a currency and the transactions for that customer/supplier are reflected in the accounts receivable/payable ledger in that currency. i.e you might have 5 a/r acs each in a different currency. this has its advantages as well as its drawbacks and i tend to prefer one ledger for all customer/ suppliers.

as a result of this dealing with exchange differences varies from program to program.

though not a huge fan of sage it has improved greatly because of the competition and if you already use it i would strongly recommend not changing mid year.

Chris Bales is the QG guru and I would be interested to hear what he has to say.

if cost is an important consideration then QB is i beleive much cheaper than Sage.

with regards to TAS this is now a sage product so it will probably fall into line with Sage in due course.

for an ultra cheap solution for currencies money manager is pretty amazing

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